Invest2Succeed wrote: Hi everyone, I signed up today to address some of the comments i've read. Good job to longs who've countered the shorts. But longs you'd be more believable if you make realistic comments rather than make everything honey-dewey because you're afraid the share price will keep falling. That being said I do understand your motives, you are trying to counter the negative effects to the share price of shorts actions. Shorts i find it rather sad but not surprising that you come everyday to spread fear into the hearts of the weak and clueless. Some of you aren't actually just shorting this stock alone, you want it to get to the lowest possible price so it'll be cheap enough that you can buy thousands of the stock. It is sad that you are so selfish, greedy and evil that you are playing games with people's future and daily income. These cannabis stocks do not pay dividends and all investors have are share price appreciation, and this you engage in negative acts to take this from investors.
Navdeep Dhaliwal is an idiot who deserved to be fired. Yes like you long investors I initially believe that he was an asset and doing a great job. Except he wasn't an asset and he wasn't doing a great job, but he wasn't as bad as Bruce Linton, and did engage in some actions to improve things. A lot of what precedes and follows are based on my reasearch and based on what I believe is the case, I do not have any indide information and thus could be wrong. Now nav and fowler paid almost 50 million for blissco a company that made less than 300,000 a year in sales, and had over negative 1 million in net income. Their products were't in demand so that wasn't a pro. Their operating cost was high so acquiring them isn't a pro. There was no good reason to acquire blissco than the need to avoid their financials from investment looking bad, as well as to save their own personal investments in blissco. Now nav and fowler claimed they would use blissco's facility for cbd oil creation and that is a pro, however everything considered, blissco was not worth even half of what was paid to acquire blissco from fowler's friend who owned blissco. so this was them misusing shareholders funds just because they had access to the cash and it wasn't as if the negative externalities that would accrue would affect their personal bank accounts. nav and fowler then decided bc is too far and thus they needed to purchase a facility in ontario, so they purchased truverra, yet another company with less than 300,000 in yearly sales and negative profits. Truverra does not even have a significant customer base and thus it wasn't a good idea to buy it as we wouldn't be making $ in the short term by selling their products which is a con. the pro however is we could have tried to get truverra products into ocs and other ontario stores, as well as cannabis stores across canada, but navdeep and fowler dropped the ball there. even europe we aren't doing a good job marketing truverra's products. now dhaliwal's claim was truverra was bought so we can use their facility for concentrates and other extractions. okay. blissco's purchase was completed latest june or july. i believe truverra's purchase was completed by august. then in december we learned nav had rented another facility in kitchener. if you dig deper you'd find this facility had had work done on it for weeks before the announcement was made. so the facility was rented perhaps in october or thereabouts. the kitchener facility is meant to carry out packaging work which can be easily carried out in 7acres facility which by the way nav and fowler had also spend down expanding - as they should. &acres is sufficiently equiped with enough to meet supreme's packaging needs. pre-rolls can easily be carried out in the 7acres facility. if they don't have the equipment for it, the equipment could easily have been added to aid in pre-roll plans. But despite cash being limited - and this being an industry were if you don't make smart decisions, the company could go bankrupt - nav decided to go rent and spend money retro-fitting yet another facility in kitchener. even though he hasn't sold enough goods to justify the extra facility, and the current facilities are more than sufficient to meet current and near future production. now saying one is in over their head means they make a little bit of a mistake. meaning if the mistake had just stopped with the blissco purchase, i'd have been more understanding. but to follow this up with purchasing truverra for more than truverra was worth, and despite not taking action to sell any of the products truverra produces, nav and perhaps fowler as well went and spent yet more shareholder $ on the kitchener facility. so now we have the main facility which includes 7acres that is sufficient to produce everything except for oil, blissco that can produce oil, and the unnecessary truverra and kitchener facilities even though concentrates could easily have been produced by blissco facility or in the main facility, with necessary modifications to the facilities. i think nav and fowler were just like kids in a candy store with their parents $. they had access to $ and were just spending it on whatever their little heads desired. Their mindset reflects what Bruce Linron from Canopy Growth said in
https://finance.yahoo.com/news/canopy-growth-ceo-bruce-linton-reveals-why-he-was-fired-and-why-hes-coming-for-constellation-brands-135442847.html ,
“I was of the view this is a rocket ride that will measure earnings per share sometime, but not in an immediately required time and I have $4 billion in the bank so the point of that is to spend it”. These CEO's should be made to pay back a certain % of loses from their own pockets when their actions are obviously negligent, as this would make them more likely to spend $ wisely, rather than however if they please because they don't care about the investors they are f***king over. All of these were happening while nav could not even get products sold. 7acres has top products, and mostly needs good management to sell it to promote it, sell it at the right price, and ensure retailers have access to the products 24/7. but while dhaliwal was busy spending $ including the 55 million he said he withdrew from the 90 million credit facility bmo gave supreme, he was not taking action to run the business at hand and make it profitable. bmo gave supreme the $ because supreme has great potential and with the right management, will be more profitable than aphria, aurora, cgc, and ogi, etc. why? because others have to sell way more grams of products to make the $ supreme makes from selling fewer grams. Aphria's Broken Coast is top notch and Aphria uses BC revenue to offset the lower revenue received from Aphria's other brands. Aurora does the same with San Rafael's top notch products. However Supreme is better because 7acres products are almost as great as Broken Coast products, and even better 7acres can produce way more of the quality products. so we would mostly receive top dollars for most of supreme's products. All supreme needs is good management. management who reduces price as needed (be more concerned about profit and total revenue, and not so much the highest marginal revenue and gross margin. as with the right price that's not too low and not too high, we make significant $ per gram and also sell way more product, which result in way higher total revenue) to facilitate our having sales advantage over our competitors, selling more, and taking actions to get towards net income quickly. dhaliwal did none of this. he did not think to reduce prices on time inorder to increase sales. he didn't take steps to ensure all cannabis stores receive products before running out of products. he was more concerned with enhancing his ego and running around town spending $. what a MORON!
we learned of Supreme's new CEO
Colin Moore taking the reins of leadership yesterday, and in 24 hours he took steps to make Medigrow (MG Health) tweet updates, so now we know medigrow has products in pharmacies. Moore rather than spend more $ for stuffs in the future we might not need, looked at products we have. we have sugar leaf, okay Moore said, indiva produce these which we have and distribute them not just to ontario, which is all dhaliwal bothered to do, but distribute them nationwide. I've checked quebec's online sqdc site and the last time i saw the price of the good online (which means they have it in stock online) was in december when dhaliwal first sent the goods online, the next time i saw it was today. which might imply that Moore had sufficient 7acres jean guy sent to the sqdc in quebec that the product is finally available online for quebecois to order. now the sqdc comment about product stocked date is of course an assumption. now with more strains added to 7acres, pre-rolled cigarettes fashioned for every popular 7acres and blissco strain, CBD Oil, Sugar leaf products for all 7acres strains, and wax & rosin (which are very important because we have a competitive advantage given that most LPs can't produce these since they do not have the vast amounts of quality strains we do to produce these).
In summary, supreme cannabis is a great company that minus inept fowler as ceo (but fowler just focused on creating the quality products he knows how to), minus inept dhaliwal as ceo, plus a good marketing team, plus good PR people who actually do their job, PLUS A GREAT CEO LIKE MOORE, plus the increasing and decreasing of prices at the right times, etc, supreme cannabis would have been greater than aphria (to me apha is superior to aurora and cgc and many other canadian LPs given what aphria has achieved with the limited finance it has, good current ceo, and despite the canadian cannabis governmental and grey market industry setbacks). If I had the foresight when i first bought Fire Stock, i'd have waited until now and bought over 30,000 knowing this is a gem that with Moore and someone like Moore at the helm, the company will advance. Ignore shorts, they're just here to manipulate you and reduce the share price so they benefit. Do due diligence on stocks you buy so you know they're good stocks and don't sell and take a loss because a d**k made you afraid ehough to sell. ignore cibc's zamparo he's an idiot. wasn't he the same guy who cut apha stock's price target thus causing a huge sell of and reduced aphria's stock price, only for aphria to be profitable when earnings came out. Many of these analysts are shorting and swing trading these stocks through friends and family members, as well as for clients. They know their targets create new bag holders for bag stocks and reduced prices for good stocks. of course sometimes the analysts are right. all in all, do your own due diligence and stop getting easily manipulated. I do not believe the earning for the quarter that ended in december will be positive because dhaliwal must have incurred more expenses than he should have. but know that the current CEO Moore (as well as his replacement whom they will ensure is a good fit and whom they will show the ropes before handing the rein over) as well as our non nonsense Board of Directors will finally steer this quality stock back to succes land where it belongs. Know that (most likely) the first earnings you will be happy about and should look forward to is this current quarter's ending whose financial results you will see in mid may, as well as an appreciation of share price as I doubt this quarter revenue will be below $40 million, as long as pre-rolled cigarettes for all 7acres brands, and wax and rosin which few others produce, as well as CBD oil and sugar leaf products and our 7acres quality flowers of course are distributed to all provinces and always in stock at the right price for consumers to purchase. Everything i've said is of course my own opinion, invest only if you decide to, and not because of my comments. Thanks Supreme BOD for finally stepping up and kicking out misfits, thanks Moore for taking the rein and within the first 24 hours engaing in pertinent actions. Enjoy your day investors (not including shorts since you prey on others and take steps to ruins others lives financially).